Cameron Awarded $235M Contract for Subsea Equipment

Cameron has been awarded a contract worth approximately $235 million to engineer, construct and provide installation support for subsea systems for the North Amethyst project, a tieback development that is part of the White Rose oil field offshore Newfoundland and Labrador, Canada.

Under the contract, Cameron will provide 13 subsea wellheads and Christmas trees, control systems, manifold components, flowline connection systems, and engineering and project management support. Initial equipment deliveries are slated to begin in the first quarter of 2009, with installation to be completed by year-end 2009.

Cameron President and Chief Executive Officer Jack B. Moore said, "We have provided more than 20 subsea production systems for the initial stages of the development of the White Rose Field, and we welcome the opportunity to continue our support in this region."